EU wine cash allocation
August 1st, 2003
Alan Osborn1) The European Commission has set aside 443 million euros for therestructuring and conversion of vineyards in the 2003/04 marketing year.As usual, the cash will be shared out among member states according totheir share of the total EU area under vines. Spain will get about 36 percent of the total, followed by Italy (29 per cent) and France (22 percent). The subsidies are part of the EU's drive to promote up-market winesand are usually only given where the vineyard is converting from cheapervarieties. The proposed budget is identical to that for ...
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